Internal Bar Strength Indicator | Reversion system

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This strategy buy at the next open when close = low. Then it closes the position after either a small profits OR a (very) small losses. Works with several TF
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strategy("IBS", initial_capital=10000, overlay=false, pyramiding=5, default_qty_value=100, currency="USD")


src = close
ibs = (close - low) / (high - low) * 100

longCondition = ibs <5
if (longCondition)
    strategy.entry("My Long Entry Id", strategy.long)

//shortCondition = close > high[1]
shortCondition = ibs > 99
if (shortCondition)
    strategy.entry("My Short Entry Id", strategy.short)

p = close * 0.01 * 10
strategy.exit("exit", "My Long Entry Id",profit = 10, loss=2)
strategy.exit("exit", "My Short Entry Id",profit = 10, loss=2)

how can i use this code to set up a list of ETFs to use this indicator - I have zero idea how to use Pine - is there a primer somewhere
Hi Fadior thx for sharing!
Is it possible to made an indicator for this? (real IBS)
Fadior AcerGold
Hello, you can do it by yourself the formula is in the code above
AcerGold Fadior
ok I try. I am in this "script world" a noob ^^
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